Gold/Medicare/Mining

By Anonymous Questions, May 17, 2016

So many gurus are making the case that the end is near for the dollar and that gold and silver are going to overcome the unconstitutional and illegal naked short selling of gold and silver futures and reach new heights. I do wonder if you have thoughts on that subject?

I understand that the baby boom cohort is beginning to become eligible for Social Security Retirement and Medicare benefits at the rate of ten thousand new recipients per day for the next ten or more years. Lawrence Kotlikof estimates that the cost of all these unfunded promises will add up to 256 trillion dollars probably leading to raising the age of eligibility, cutting the benefits, raising the taxes and also printing trillions of dollars by the Fed.

Have you addressed this happening at all? I expect that suppressed mining shares will experience an increase of the value of the assets they are bringing to the market.

I wonder if you have had occasion to comment on this phenomenon regarding analysts predictions of the outlook of precious metals mining companies.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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hdavidbrown351alberta docfrahmanWTFUjohn Recent comment authors

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john
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john

One of these experts predicted that the value of an ounce of gold will one-day equal the Dow value, as it did once before….it could be 5000? 10000? he did not know……but inflation is going on, despite the whitehouse denials. For example, when I got a college scholarship…way back it was $450/year in today’s money, and I paid a landlady and fed myself out of it…..could not study and have a job….not an option!
Imagine living on $450/year now? Inflation????????????????…..John in Houston

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faz
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faz

I think it was the head of Franco Nevada, he’s often talking about the ‘golden arches’ of mcdonalds fame looking very much like the chart of the gold / dow ratio.
(Pierre Lassonde??)

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WTFU
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Buy physical bullion in the USA through ebay, JMBullion, Modern Coin Mart and Or in the UK/EU buy physical bullion through CoinInvest (Germany) or BullionByPost (UK) not Postal Bullion as they always end up costing more. Then buy a few safes, put one in your grandma’s house cemented in the basement or whatever, one at home with your guns and one somewhere with someone else you trust in a country(s) other than where you reside. Whatever cash you have (banked and at least 10% of what you have in cash) spread between at least 3 currencies with as little inter-relation… Read More »

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hdavidbrown351
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Though many people may laugh or make fun of what you posted, I agree with everything you said. I haven’t gotten there yet, but I’m working on most of it. I believe we may be in for a currency collapse, whether it’s this year or next I think it’s coming. With the debt we as a country have and every other developed country has and continues to add to it at rapid paces, I don’t see how any other result can be other than a world wide monetary collapse.

alberta doc
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If we end up with another 2008 crash in the global economies you can expect gold to soar. Central Banks are out of tricks to fix another downturn and are now experimenting with bizarre ideas such as implementing negative interest rate policies. Its looking like we may have a very large problem still brewing from the 2008 housing debacle, that just won’t go away. The petrodollar looks doomed which could lead to it being replaced as the international reserve currency or at least having to share the crown with other currencies. There are just too many problems in the global… Read More »

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hdavidbrown351
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Agreed, Some people are buying gold bullion. I can’t afford large bars of gold, and even think that trying to buy things with 1oz coins could be a problem many times. Can you imagine trying to buy food or gas or anything like that with a single ounce of gold worth several thousands of $$$ for goods worth maybe a few hundred?? I have bought some 1/10 oz Silver Eagles just for that instance. I think that will be easier for exchange for smaller purchases/barter for goods. Not saying larger denominations aren’t good to have too, just that some smaller… Read More »

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